Gold mining stocks

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#1
I want to start accumulating gold mining stocks. I'm looking at AUY and CDE specifically. Any other suggestions?
 

Bible_Belt

Master Don Juan
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#2
Mining stocks typically move in accordance with price movement of whatever it is they mine. So gold mining stocks usually just track the price of gold. I would be most interested in positions where that wasn't happening. If a gold stock goes up without gold going up, then something is going on. You won't know what that something is, but it doesn't matter. Stocks move before news.
 

R.U.G.

Master Don Juan
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#3
Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.
 

billtx49

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#4
Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.
Agree completely, if you want to get into it, chose what you think is a market low, buy from your local gold and silver exchange, avoid the pricey fancy coins, and buy only bulk rounds, ingots, or whatever and keep in a safe place…
 
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#5
Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.
Buying physical is for people with wealth to protect. I'm simply trying to take a small amount of paper every month and eventually accumulate a sizable position for the inevitable turnaround in the physical price. Speculation is exactly what I need. And with the premiums on physical it doesn't make sense for someone in my position(poor)to try to accumulate physical.
 

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R.U.G.

Master Don Juan
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#6
Buying physical is for people with wealth to protect. I'm simply trying to take a small amount of paper every month and eventually accumulate a sizable position for the inevitable turnaround in the physical price. Speculation is exactly what I need. And with the premiums on physical it doesn't make sense for someone in my position(poor)to try to accumulate physical.
Wouldn't be speculating right now. Cash is king. Scoop up cheap stocks and etfs from the multiple selloffs.
 
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